01786cas a2200241 a 4500 AALejournalIMF011278 230101c9999 xx r poo 0 0eng d 5.00 USD 9781463902377 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Germany : Financial Sector Assessment Program: Detailed Assessment of Observance of IOSCO Objectives and Principles of Securities Regulations. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (97 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Germany has a comprehensive legislative and institutional framework for the effective supervision of the securities markets. The overall level of compliance with the IOSCO principles is high. There are significant industry concerns about the implementation costs resulting from a rapidly changing legislative framework. The German Federal Financial Supervisory Authority (BaFin's) overall approach to supervision relies very heavily on the flow of information, auditors' reports, and compliance with legislative obligations. Regulators at both the federal and state levels work with a clear legal framework and clearly defined powers and responsibilities. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2011/274 Full text available on IMF http://elibrary.imf.org/view/journals/002/2011/274/002.2011.issue-274-en.xml IMF e-Library